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Dec 10, 2012
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euro/dollar is still holding up. 1.2902, adding 0.05%. we are seeing a little bit more negative mood as we look over to the aussie dollar, which is weaker by about .1%. we can take a quick look at what's happening across the bond space. no surprise that as investors are selling out of italian equity, they're selling out of italian debt. we're seeing the yield rise to over 4.8%. spain, its market down more than 2% and its bond yields up to 5.6% at the latest. now, let's get a view on what's happened overnight in asia. for that, lee joins us now from singapore. what can you tell us? >> sure, thanks, kelly. most asian bourses kicked off the week on a positive note. there was a slight pullback after disappointing trade figures for dooes november. shares in hong kong ended near a 16-month high. cnooc shares gained over 1% after canada approved that takeover bid for nexen. despise revised third quarter gdp data showing the economy is back in recession. china's trade outperformed. in south korea, gains were offset by losses in financials. the ko
euro/dollar is still holding up. 1.2902, adding 0.05%. we are seeing a little bit more negative mood as we look over to the aussie dollar, which is weaker by about .1%. we can take a quick look at what's happening across the bond space. no surprise that as investors are selling out of italian equity, they're selling out of italian debt. we're seeing the yield rise to over 4.8%. spain, its market down more than 2% and its bond yields up to 5.6% at the latest. now, let's get a view on what's...
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view which has been urging greek citizens to tighten their belts has already issued eighteen billion euro stickley because it was lenders afloat in its second bailout package back and by. this time after the country's top prosecutor was during his resignation talant a bring him to have pressured druggers not to release protest as opposed to president morsi his fate will now be decided by the justice minister egypt's preparing for a second round of voting on a controversial draft a constitution which has split the country into its opponents saying it's a stand aimed at creating an islamic state. and here's where you might want to had if you're expecting the world and it's a small town in southern italy which means in group believes will survive any modern apocalyptic predictions mongers have also descended on guatemala to mark what they think will be the end of the world and at nine thirty g.m.t. world court how people around the world preparing for the end of the mayan calendar with some turning supposed final hours into profit. divine power in action activate the shock was. i am this wil
view which has been urging greek citizens to tighten their belts has already issued eighteen billion euro stickley because it was lenders afloat in its second bailout package back and by. this time after the country's top prosecutor was during his resignation talant a bring him to have pressured druggers not to release protest as opposed to president morsi his fate will now be decided by the justice minister egypt's preparing for a second round of voting on a controversial draft a constitution...
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Dec 6, 2012
12/12
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the euro is having a significant impact on the gold price ti particularly when priced in euros. gold prices in euro seeing much further gains than elsewhere in the gold market. in terms of gold prices in other currencies, you'll notice that as we look as what's happening here with the eurozone, draghi's comments earlier today, the pressure in the euro certainly causing some buying in the gold market when priced in euros, that seems to be the momentum play of the day. >>> the democrats want to raise taxes on the people they call the rich. republicans want to cut entitlements. what do average americans want to see in a fiscal cliff solution scene of the accident -- exclusive cnbc all america survey next. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together)
the euro is having a significant impact on the gold price ti particularly when priced in euros. gold prices in euro seeing much further gains than elsewhere in the gold market. in terms of gold prices in other currencies, you'll notice that as we look as what's happening here with the eurozone, draghi's comments earlier today, the pressure in the euro certainly causing some buying in the gold market when priced in euros, that seems to be the momentum play of the day. >>> the democrats...
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Dec 19, 2012
12/12
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led mostly by the euro, as the euro went, so did stocks. stocks went parallel to each other. that's going to ease over time. >> you think that's going to start to change? >> absolutely. >> we've had hedge funds underperforming for three years in a row. >> with every bubble and burst comes opportunity. i feel those are two good strategies. it's a more consistent model for diversified groups, covering different parts of the marketplace. >> that's where you're putting a lot of your money to work as far as hiring a couple of guys to manage whatever funds you want to allocate? >> we should say that as well. >> you're hiring people. >> we're looking for the best talent and the big thing is, versus hedge funds, as prop, we have flexibility. we have a lot of -- we care a lot about their wish list, want list, need lists of the managers, and to find the best talent, you need to offer them something. >> so we offer a prop world. an example would be paying up for consistency. so we're looking for the best consistent relative value performers. we have some special internal metrics to give
led mostly by the euro, as the euro went, so did stocks. stocks went parallel to each other. that's going to ease over time. >> you think that's going to start to change? >> absolutely. >> we've had hedge funds underperforming for three years in a row. >> with every bubble and burst comes opportunity. i feel those are two good strategies. it's a more consistent model for diversified groups, covering different parts of the marketplace. >> that's where you're putting...
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Dec 18, 2012
12/12
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the euro at a 7 1/2-month high. things are still moving. china, big debate on the trough here. this is the debate the last two months here. goldman sachs upped its fourth quarter gdp estimates, 7.8% now instead of 7.6%. look, nobody's thinking china's going to go back to 10% or 12%. that's over. 8, 8 1/2, somewhere around there. there is good evidence now that q-4 might be the trough for china. this has been a big debate. a lot of people saying it's going to be weaker in 2013. real estate prices are improving. electricity consumption improving a little bit. industrial production, all of them looking better in the last couple of months. i think that's generally a positive. the one big thing i want to point out, if you watch what's going on in japan, we've got a new prime minister who's coming in who's putting intense pressure on the bank of japan, essentially trying to break their independence essentially. he's told them they've got to increase their inflation target from 1% to at least 2%, and told they have to start massive stimulus program. massive stimulus program. he wants
the euro at a 7 1/2-month high. things are still moving. china, big debate on the trough here. this is the debate the last two months here. goldman sachs upped its fourth quarter gdp estimates, 7.8% now instead of 7.6%. look, nobody's thinking china's going to go back to 10% or 12%. that's over. 8, 8 1/2, somewhere around there. there is good evidence now that q-4 might be the trough for china. this has been a big debate. a lot of people saying it's going to be weaker in 2013. real estate...
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Dec 12, 2012
12/12
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gold in euro terms is down. it is a much better trade to be long in gold in yen terms and it is making new highs right now. it should continue. what the fed has just done has -- it's done damage to the u.s. dollar. the beneficiaries will be stocks. beneficiary will be gold. beneficiary will be the canadian and new zealand dollars. >> so commodity currencies get a boost out of this. >> not a question. >> thanks. the commodity king. >>> mariott shares are up as the company transitioned successfully no a new ceo. fromity small days as a root bear stand, mariott has always been family affair. as i found out in my documentary, behind closed doors at mariott, bill mariott may come off as a mild-mannered i go. but he is anything but timity when it comes behind one of his vintage racers or his company. >> blasting by in his rare 1950s mercedes, you may not recognize him. but take another look and you may realize you've seen that face before. >> these are fast car nets old days. won a lot of races. >> he is bill mariott.
gold in euro terms is down. it is a much better trade to be long in gold in yen terms and it is making new highs right now. it should continue. what the fed has just done has -- it's done damage to the u.s. dollar. the beneficiaries will be stocks. beneficiary will be gold. beneficiary will be the canadian and new zealand dollars. >> so commodity currencies get a boost out of this. >> not a question. >> thanks. the commodity king. >>> mariott shares are up as the...
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the move cement the euro to a -- sent the euro to a six week high. david: let's talk copper for the moment, of course, that's really tied into world growth. it climb today a six week high. this is on signs that there may be some more demand coming for the metal from china and the u.s. as well. as both of our economies begin to churn a little more than expected. the top two copper-consuming countries. >> and following auto sales today, a number of derivatives plays hitting 52-week highs. cooper tire and rubber, genuine parts and carmax taking a hit in today's session. david: all right. and we told you about that breaking news on jpmorgan whale trader, a $5 billion loss for the company. the senate has been investigating. peter barnes with the latest on that investigation. peter? >> reporter: well, that's right, david. the senate, a senate investigation subcommittee has questioned more than 80 people in its probe of $5.8 billion in trading losses in may by jpmorgan chase, the london whale trading losses, according to two people familiar with the investi
the move cement the euro to a -- sent the euro to a six week high. david: let's talk copper for the moment, of course, that's really tied into world growth. it climb today a six week high. this is on signs that there may be some more demand coming for the metal from china and the u.s. as well. as both of our economies begin to churn a little more than expected. the top two copper-consuming countries. >> and following auto sales today, a number of derivatives plays hitting 52-week highs....
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Dec 17, 2012
12/12
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dollar at this point is stronger against the euro. the euro is at 1.3159. we have seen the euro gaining ground. gold prices have been down slightly. down by 1,692. it's interesting to come back after three days and see it. >> it's telling the move would bring that reaction. >> it is. because it was stuck for so long. i haven't seen a 1.7 -- >> it went 8, 7, 6, 5, 4, 7 -- >> i haven't seen 1.7 in weeks and weeks. >> i was saying it's telling about how incredibly dead and -- telling about the ten-year, how boring and how narrow the range has been. like when greenspan said, i need to see that. he hasn't needed to see it for a while. >> i don't think it is his favorite any more. >> it's like the allied financial commercial. do you know where cd rates will be in a year? can anyone tell you that? he says no and i say, yes, you can. they'll be at 1.7. >> more and more clarity. >> talk to mr. tepper at 8:00. i bet you he does know. >> people really say it's an awful year. >> we only have two more trading weeks left in 2012. the question is what should investors fee
dollar at this point is stronger against the euro. the euro is at 1.3159. we have seen the euro gaining ground. gold prices have been down slightly. down by 1,692. it's interesting to come back after three days and see it. >> it's telling the move would bring that reaction. >> it is. because it was stuck for so long. i haven't seen a 1.7 -- >> it went 8, 7, 6, 5, 4, 7 -- >> i haven't seen 1.7 in weeks and weeks. >> i was saying it's telling about how incredibly...
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line for a bailout soft reporting huge losses this year together they'll need about thirteen billion euros worth of loans to stay afloat and this just days after the country's credit rating was raised to six notches from selective default to be minus standard and poor's has further downgraded cypresses credit rating to junk citing growing fears that it could default on its debts. this resurgent anger in egypt this time after the country's top prosecutor withdrew his resignation. pressured judges not to release protesters opposed to. this very two will now be decided by the justice minister egypt is preparing for a second round of voting on a controversial draft constitution which has split the country into its opponents think it's hasty aimed at creating and is the most state. where you might want to head to if you've been expecting the world to end it's a small town in southern italy which indian group believes could withstand any mind do predictions but it's a case of apocalypse no and why do you believe by when toward the end of days past a few minutes ago on the fifth will have also de
line for a bailout soft reporting huge losses this year together they'll need about thirteen billion euros worth of loans to stay afloat and this just days after the country's credit rating was raised to six notches from selective default to be minus standard and poor's has further downgraded cypresses credit rating to junk citing growing fears that it could default on its debts. this resurgent anger in egypt this time after the country's top prosecutor withdrew his resignation. pressured...
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public you flapping your arms round republicans are they doing the right thing on behalf of the euros it is a shame shame. and finally obama signed the bill in early two thousand and eleven which provided two point eight billion dollars in health care for the nine eleven heroes but it wasn't even until this year two thousand and twelve that the u.s. government acknowledged that the fifty types of cancer causing the die off of first responders is linked to the poisonous dust cloud and yet not a single first responder has even seen a dime from this is drug a bill despite thousands having applied for compensation for their illnesses so to talk to me more about this issue and the struggle the nine eleven first responders are facing today michael mcphillips a first responder and board member of the feel good foundation joins me from our new york studio thank you so much for coming on michael oh thank you for having us so i understand they are still dealing with some illnesses related to your efforts at ground zero can you give us an update. personally i have stage liver disease chronic. br
public you flapping your arms round republicans are they doing the right thing on behalf of the euros it is a shame shame. and finally obama signed the bill in early two thousand and eleven which provided two point eight billion dollars in health care for the nine eleven heroes but it wasn't even until this year two thousand and twelve that the u.s. government acknowledged that the fifty types of cancer causing the die off of first responders is linked to the poisonous dust cloud and yet not a...
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just last week, the ecb came out wi with dreadful, dreadful numbers on how the euro zone is performing and you want to play games with something as important as the u.s. budget. i'm going to finish here. the core worry is three weeks out and an inability to do a deal. >> so, it mabt come january 2nd or 30th, the catastrophe is long-term because of the erosion of confidence in the united states. >> it's happening -- it's happening now. >> we see it anytime jobs numbers. >> once you and i -- while you and i are enjoying our weekend, it is happening. >> were agreed. richard quest, make you catch him when you're on the road. >>> trucks like these transport everything from food to washing machines to the ear muffs that you ordered online today. with the coast of diesel rising, americans are looking elsewhere for their fuel. i'm going to tell you where they're look iing right after this. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. since ameriprise financial was founded back in 1894, th
just last week, the ecb came out wi with dreadful, dreadful numbers on how the euro zone is performing and you want to play games with something as important as the u.s. budget. i'm going to finish here. the core worry is three weeks out and an inability to do a deal. >> so, it mabt come january 2nd or 30th, the catastrophe is long-term because of the erosion of confidence in the united states. >> it's happening -- it's happening now. >> we see it anytime jobs numbers....
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Dec 3, 2012
12/12
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there are reports they could cut the debt by $20 billion euros. that the state-run pension funds will take part. the pricing isn't as harsh as many in the market feared, because we had on friday for example greeks at the new york stock exchange saying if you take another haircut on the 70% that those pension funds have letter already taken, they won't be able to pay the pensions now and fear the social cohesion would break down. but everybody seems happier today, certainly interestingly. the greek bond market has rallied again today so you see the yields coming into negative territory. and those greek banks have done well. of course, they're sitting on a lot of greek debt and will be strong-armed into selling that through this process we imagine. but maybe not at the sort of loss -- or maybe a larger profit, whichever way you look at it, as we might have thought. and therefore, the greek stock market, like telecom, blue chips doing well, and the arc up 1.25%. and in the last three months rallied 26%. more broadly, all of the peripheral bond market
there are reports they could cut the debt by $20 billion euros. that the state-run pension funds will take part. the pricing isn't as harsh as many in the market feared, because we had on friday for example greeks at the new york stock exchange saying if you take another haircut on the 70% that those pension funds have letter already taken, they won't be able to pay the pensions now and fear the social cohesion would break down. but everybody seems happier today, certainly interestingly. the...
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Dec 17, 2012
12/12
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we're focusing on the euro dollar right now. in the e byty, it's kind of hard to see the forest through the year s trees. i think a lot of that has been supported by the weak dollar. the currency markets are definitery much deeper. i think if the euro really touches the year highs at 134, we're really going to see this s&p take off. probably to the post-election lows. >> all right. and tomorrow, anything specific on the horizon in terms of moving the stock market at the open? >> i don't think so. i think it's just going to be all headlines out of washington, to be honest. and it's -- there's no economic numbers, the housing starts we don't think are big enough. really the housing data, it's not big enough to move the markets yet. maybe that's enough. maybe the financials will lead us higher. >> financials could be the thing. rich, you're up. >> sure, maria. i think what we'll see tomorrow, again, financials not really the upgrade. what we're seeing from the data. the best quarter this year for activity, over $250 billion. the fi
we're focusing on the euro dollar right now. in the e byty, it's kind of hard to see the forest through the year s trees. i think a lot of that has been supported by the weak dollar. the currency markets are definitery much deeper. i think if the euro really touches the year highs at 134, we're really going to see this s&p take off. probably to the post-election lows. >> all right. and tomorrow, anything specific on the horizon in terms of moving the stock market at the open? >>...
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Dec 26, 2012
12/12
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if we move to foreign exchange, if you look at the dollar yen, the euro yen, the pound yen, you can pretty much get to see the same thing, that the yen is getting the short end of the chart no matter what major developed currency you plug up against it. this isn't lost on the foreign exchange traders, who continue to see very strong gains at the expense of the yen, mostly due to quantitative easing. look for that to continue to be a big story not only between the holidays but for 2013. back to you. >> thank you very much. less than a week until the new year begins and we are launching our lucky 13 series, focusing on the tech sector. what trends should investors be watching and maybe putting money up against? here to tell us is technology reporter natalie morris. welcome back. you had a little baby since the last time, ava. congratulations. >> thank you very much. >> nice christmas, i'm sure. let's start with what you see as a possibility in the phone space next year. >> okay. so i'm seeing a lot of rumors about something called branded phones. so facebook, amazon, now google, mozilla, hav
if we move to foreign exchange, if you look at the dollar yen, the euro yen, the pound yen, you can pretty much get to see the same thing, that the yen is getting the short end of the chart no matter what major developed currency you plug up against it. this isn't lost on the foreign exchange traders, who continue to see very strong gains at the expense of the yen, mostly due to quantitative easing. look for that to continue to be a big story not only between the holidays but for 2013. back to...
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Dec 7, 2012
12/12
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euro versus the dollar, it did get hit on the number right there at 8:30 eastern but it has come back a bit. on the week currently at 29.30. closed the week at 29.90. that's a decent down week especially from levels above 1.30. dollar/yen lots of excitement. dollar really popped but it is everything's come back to unchanged. when you look at a one-week chart, 82.37 now, closed at 82.50 last week, virtually unchanged. back to you. >>> slew of companies announcing special dividend hikes in an effort to avoid higher taxes if we go over the fiscal cliff. more than 100 companies have announced more than $20 billion in payments in q4. let's get you up to date on big ones for today. shoe carnival declaring a special cash dividend of $1 a share. america's biggest home builder dr horton accelerating all of its 2013 dividend payments into this year. jb hunt transfor the pulling forward its quarterly dividend into this year as well instead of february next year. the move is on in a big way. >>> mixed news on the economic front. the november unemployment rate falling to 7.7%, the lowest since dec
euro versus the dollar, it did get hit on the number right there at 8:30 eastern but it has come back a bit. on the week currently at 29.30. closed the week at 29.90. that's a decent down week especially from levels above 1.30. dollar/yen lots of excitement. dollar really popped but it is everything's come back to unchanged. when you look at a one-week chart, 82.37 now, closed at 82.50 last week, virtually unchanged. back to you. >>> slew of companies announcing special dividend hikes...
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Dec 11, 2012
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a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at the big board, coca-col coca-cola -- [ bell ringing ] >> and ringing the bell there. trip adviser, interesting deal, because the pricing at which the shares were bought. >> you've got to remember, of course, you have a change in voting control. it had been controlled by barry diller, it will now be controlled by liberty media. they will own 22% of the economics of trib adviser, but 57% of the total votes of the company, effectively controlling the company. so any thoughts you might have as a shareholder in erms it of the future
a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at...
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Dec 20, 2012
12/12
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nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he months. they trade stocks. energy, interest rates, commodities, agriculture, that's what it's bat. global platform for the trading in so many different asset classes, particularly as it relates to derivatives, putting these two co
nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men...
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Dec 19, 2012
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considering rates are not only not dramatically higher, they're dramatically lower, and the euro right now, strongest currency in the world. hmm, i thought the euro was supposed to vanish by this time with the secret sellers around the country. i thought greece was supposed to be kicked out of the union. instead, my advice, do what my charitable trust did today, buy european stocks. you know where else there's much more to come? yep, oh boy was this one a hated one coming into this year. yeah, you know what i'm talking about, china. how about that economy over there? after pausing because the government was busy whipping inflation, now, thank you, late gerald ford, now it's coming on strong. i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm
considering rates are not only not dramatically higher, they're dramatically lower, and the euro right now, strongest currency in the world. hmm, i thought the euro was supposed to vanish by this time with the secret sellers around the country. i thought greece was supposed to be kicked out of the union. instead, my advice, do what my charitable trust did today, buy european stocks. you know where else there's much more to come? yep, oh boy was this one a hated one coming into this year. yeah,...
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Dec 24, 2012
12/12
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let's look at the euro currency. hovering at an eight-month high. there's probably going to be excitement there. one thing i can tell you is the boon in the euro, big trade in the last couple of weeks. melissa lee, back to you. >> they certainly have. rick santelli, thank you. the fiscal cliff talks also weighing on the energy markets. let's go to bertha coombs at the nymex. >> we are seeing a little bit of a pullback here when it comes to brent futures, and also across the board pretty much in energy today. not what you would necessarily expect with the weaker dollar. the concern, of course, is that if we do go over that fiscal cliff, no deal by the end of the year. that we will see some recessionary pressures here in the first quarter. at least that's what the congressional budget office is talking about. nat gas is feeling the pressure after a strong rally over the last couple of days. we're getting profit taking there. ironically, it comes after the commitment of traders report from the cftc saying we saw the biggest increase in terms of net lon
let's look at the euro currency. hovering at an eight-month high. there's probably going to be excitement there. one thing i can tell you is the boon in the euro, big trade in the last couple of weeks. melissa lee, back to you. >> they certainly have. rick santelli, thank you. the fiscal cliff talks also weighing on the energy markets. let's go to bertha coombs at the nymex. >> we are seeing a little bit of a pullback here when it comes to brent futures, and also across the board...
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Dec 13, 2012
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looks to be euro fairly support. >> interesting you argue that. in is the point here that the fed is accelerating on debasing you the dollars, that is why the euro rises? >> really interesting. that was the trade yesterday. the take away from the fed's statement. we reached a new high in qe 4, 85 billion a month, purchased and treasuries and mds that put the dollar to heel. overnight, reaction to the fed, overnight you can the dollar stayed very offered and i think despite lower gold and treasuries you can the dollar is trading very weak. so looks to me that that 131 level really wants to go, we need to be long for that move. >> got some levels for us? >> what you want to do is be long 131 call 13075, 12075, 100 points lower, a short-term trade, i don't think this dollar weak as soon as here to stay, get out 132 >>. >> have a good weekend. thank you very much. for more currency trades, be sure to catch "money in motion" currency trading, fridays, tomorrow, 5:30 eastern. want more education about currencies go to currency can class at "money in mot
looks to be euro fairly support. >> interesting you argue that. in is the point here that the fed is accelerating on debasing you the dollars, that is why the euro rises? >> really interesting. that was the trade yesterday. the take away from the fed's statement. we reached a new high in qe 4, 85 billion a month, purchased and treasuries and mds that put the dollar to heel. overnight, reaction to the fed, overnight you can the dollar stayed very offered and i think despite lower...
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Dec 6, 2012
12/12
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but nonetheless, euro is down, it's range 30.90. the bund, an intraday, when you open it up, these are lowest yields since august 2. and there's a lot of issues. and when you come back to home turf, sandy makes it a little bit fuzzy, just like tomorrow's jobs report. and you can see rates are down. and how's our come holding up, we have extend it, we went from three weeks to basically three months. should we close, i only talk about them in the context of closing yields, should we close them? it would be the lowest closing mark since august 3. >>> let's check out energy, metals and sharon epperson tonight. >> you have to start with the dollar when you're looking -- relative strength of the dollar, in light of what rick was just talking about, and the influence that that has had on the euro zone and what we're seeing and anticipating for next year, the relative strength of the dollar, that has him pacted commodities. the zboeld contract, the very technical level has been reached there, it's been below it's 100-day moving average. it'
but nonetheless, euro is down, it's range 30.90. the bund, an intraday, when you open it up, these are lowest yields since august 2. and there's a lot of issues. and when you come back to home turf, sandy makes it a little bit fuzzy, just like tomorrow's jobs report. and you can see rates are down. and how's our come holding up, we have extend it, we went from three weeks to basically three months. should we close, i only talk about them in the context of closing yields, should we close them?...
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Dec 1, 2012
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know there are problems with averages here, but the average income tax rate for individuals in the euro zone is 42%, including countries like belgium, germany and france with some rates above 50%. in the united states, the average income tax rate is 29%. federally, 39.6% is the highest rate. someone will pay in the united states. so for today's q&a, are americans getting a bargain or are europeans getting ripped up? let me go first. 60 seconds on the clock starts right now. economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of taxes not as needing to be low but of the return from those taxes of needing to be high. now traditionally, richard, that wo
know there are problems with averages here, but the average income tax rate for individuals in the euro zone is 42%, including countries like belgium, germany and france with some rates above 50%. in the united states, the average income tax rate is 29%. federally, 39.6% is the highest rate. someone will pay in the united states. so for today's q&a, are americans getting a bargain or are europeans getting ripped up? let me go first. 60 seconds on the clock starts right now. economies...
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Dec 12, 2012
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the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the result of the stock market is that you continue to get gains. the top 50 blue chips in europe is the white line. the dow jones industrial average is the yellow. this is a chart since the results of the election. as we are mired in the fiscal cliff here, they've been able to make almost 4% gains on their top blue chips. meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at
the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the result of the stock market is that you continue to get gains. the top 50 blue chips in europe is the white line. the dow jones industrial average is the yellow. this is a chart since the results of the election. as we are...
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Dec 31, 2012
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europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. >> europe's leaders including the new french president committed to save the euro. it lives on. but for how long? number two -- >> the deadliest month to date as the assad regime intensified its use of air power. one of the questions most asked in 2012 was how much longer can this man hold on to power. bashar al assad was under ever more intense pressure to step down. but his regime stepped up the firepower against the opposition. civilians caught in the crossfire. more than 40,000 people have died so far. >> this is another red line. the opposition fights on, making more dramatic gains than ever. and gaining pledges of additional support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot her in the head because she was an outspoken advo
europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership didn't stop constant violent protests, staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. >> europe's leaders including the new french president committed to save the euro. it lives on. but for how long? number two -- >> the deadliest month to date as the assad regime intensified its use of air power. one...
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Dec 26, 2012
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even the euro's holding up a little bit because of the euro/yen. buying euros and selling yen. that's my trade here if we want to look at something to do. again, you're in the middle of a tricky period here where there's vacations all over the place. today's boxing today, so there's holidays throughout europe. continue to buy dips on the euro. leave a tight stop 131.20. look for three times on the upside, around 130, 133. tricky during holiday trading. keep it very simple and go with the trend. >> you know, andy, i'm interested that you've chosen to do that, because it flies in the face of an article written by the journal a couple of days ago in which they were suggesting that the fiscal cliff trade here whenever you get bad news from washington is buy the dollar as a safe haven. you're going the other way here. >> right. well, i think there's going to be some battles. i think most of the market feels you will get forward movement when congress comes back. you're going to get a very watered-down plan to punt this forward. that's something i've been telling clients for about th
even the euro's holding up a little bit because of the euro/yen. buying euros and selling yen. that's my trade here if we want to look at something to do. again, you're in the middle of a tricky period here where there's vacations all over the place. today's boxing today, so there's holidays throughout europe. continue to buy dips on the euro. leave a tight stop 131.20. look for three times on the upside, around 130, 133. tricky during holiday trading. keep it very simple and go with the trend....
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Dec 6, 2012
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you heard about 75% tax on revenues above 1 million euros. it's not that many people, of course, but it's a signal sent to people. much more important than that, it's what has been announced and what will be implemented next year on dividends and capital gains. this is a signal to the young generation when it will come to build their own company to those young entrepreneurs, well, they'll think of doing it outside of the country. that's for sure. but when we talk about the fiscal cliff, in france it's much higher than a cliff. when it comes to france, the only solution that has been put on the table, it's tax raises, nothing about cutting expenses. >> some people don't realize money is mobile. so people will pick up and they will leave if they're faced with these very, very significant tax rates. that's what we're seeing from some of your colleagues in the industry. would you leave france because of the 75% tax? >> well, i don't know. in my case, i will see. the 75% will last two years. it's not a big point. the big point, again, will be abou
you heard about 75% tax on revenues above 1 million euros. it's not that many people, of course, but it's a signal sent to people. much more important than that, it's what has been announced and what will be implemented next year on dividends and capital gains. this is a signal to the young generation when it will come to build their own company to those young entrepreneurs, well, they'll think of doing it outside of the country. that's for sure. but when we talk about the fiscal cliff, in...
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Dec 18, 2012
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. >> maybe kelly knows, that euro, is that a six-month high? >> well, yeah. >> you guys have to keep up. you're not keeping up. you guys have to print. let's go here. >> one of the aggressions after japanese elections, now the bank of japan is under huge pressure to bring more quantitative easing and much more stimulus. one big question is are we going to see the eurozone rs theed to copy that and we're going to see 2013 with quantitative easing. >> it's your problem over there and we're doing our part to help you. >> david tepper, interesting, he said yesterday we missed it when we didn't see the ecb signaling that it could be just as quick to lower rates, too. if that's the case, you wonder why the euro has been so strong against the dollar. >> they haven't yet. >> they haven't, but they're ready at any time. >> we are. we were going to talk about it, then we did it with 40 billion. then we said, you know what? 40 billion for a year isn't going to do it, but we're going to do 85 billion forever. >> mario draghi is involved with a subtle game
. >> maybe kelly knows, that euro, is that a six-month high? >> well, yeah. >> you guys have to keep up. you're not keeping up. you guys have to print. let's go here. >> one of the aggressions after japanese elections, now the bank of japan is under huge pressure to bring more quantitative easing and much more stimulus. one big question is are we going to see the eurozone rs theed to copy that and we're going to see 2013 with quantitative easing. >> it's your...
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Dec 28, 2012
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the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will? >> and there's this incredible chance that greece will leave and the dominos will begin to fall. i think that's unluikely to happen as long as the ecb is willing to support that currency, but will it thrive? will those economies boom? i don't think so, i think it will be another year of recession and you will find individual opportunities and the stock picker's market and far as it's a strong growth, they're not there yet. >> thanks so much for joining us. good to see you tonight. >> you heard piers morgan talk about it with larry last week. after school shooting massacre in scotland in 1996 great brita
the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will?...
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Dec 7, 2012
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whether you looked at the euro moving straight down at 830 or looked at the dollar/yen and looked at dollar moving up dramatically against the yen at 8:30 eastern, it does seem at least for now that the dollar index knee-jerk reaction is correlating with what was perceived to be better data. now on china m&a front, it's our own david faber. >> all right. thank you very much for that introduction, mr. santelli. and we did want to take a look. interestingly as we well know numbers when it comes to merger and acquisition activity for the course of this year with one month to go disappointing certainly at least given what had been assumptions it would be a strong year when the year began and remember it was a somewhat strong year in so many different ways until we sort of ran into that end of the first quarter into that spring yet again dealing with problems in europe and then we have taken it from there. we're not going to be up this year. china a record. $145 billion in fact is an all-time record according to thompson reuters which follows these things and keeps track of them. we're ta
whether you looked at the euro moving straight down at 830 or looked at the dollar/yen and looked at dollar moving up dramatically against the yen at 8:30 eastern, it does seem at least for now that the dollar index knee-jerk reaction is correlating with what was perceived to be better data. now on china m&a front, it's our own david faber. >> all right. thank you very much for that introduction, mr. santelli. and we did want to take a look. interestingly as we well know numbers when...
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Dec 17, 2012
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the dollar is going down against the euro. look at the british pound. it's almost at a 52-week high today. we're going down against the pound. but look at the aussie dollar. look at the new zealand dollar hitting 52-week highs. you could have bought the new zealand dollar for half of what it is right now five years ago. look at the price of gold. look at oil prices. look at food prices. ben bernanke said that he doesn't care how high oil prices go, how high food prices go, he's going to look beyond that to the value of falling prices that reside somewhere in his fantasyland. >> let me interrupt you again, peter. we're running out of time. i read your last newsletter, and you seemed to key on the same line i did. during the press conference somebody brought up monetization and mr. bernanke seemed a little put off, saying something along the lines i'm paraphrasing like i've already addressed that we're not monetizing. first of all, peter, define quickly what you think monetizing is and tell me why you believe ben bernanke is monetizing? >> well, monetizin
the dollar is going down against the euro. look at the british pound. it's almost at a 52-week high today. we're going down against the pound. but look at the aussie dollar. look at the new zealand dollar hitting 52-week highs. you could have bought the new zealand dollar for half of what it is right now five years ago. look at the price of gold. look at oil prices. look at food prices. ben bernanke said that he doesn't care how high oil prices go, how high food prices go, he's going to look...
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Dec 17, 2012
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was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. finally there's apple. we've become addicted to apple. we are deeply focused on its decline which continued in the a.m. today, taking out $500 right before the opening, while it rallied with the rest of the market into the bell. i'm sure some people feel it's now washed out. i for one welcome the shakeout. apple had become the only stock that people talked about, a sure sign it was overheated. the summer soldiers, the sunshine p
was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on...
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Dec 12, 2012
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if you look at the euro, it is holding up remarkably well as everybody competes on the quantitative easing side. yen had a rambunctious upside thinking it was all coming. if you open the chart, fresh highs on the dollar versus the yen going back to march. back it march. sue, back to you. >> boy, glad you're in a good mood. who knows what would happen if you weren't. >>> ceo jamie dimon speaking out on cnbc. >>> coinstar soaring. red box taking on netflix in video streaming. up 4%, it is good if you own that stock. we're back in 2. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. >>> welcome back to market flash. >> shares up just over 5%. one of the best performers in the s&p 500. the company expect to double sales and earnings by 2015. that puts sales at $5 billion, 10% a
if you look at the euro, it is holding up remarkably well as everybody competes on the quantitative easing side. yen had a rambunctious upside thinking it was all coming. if you open the chart, fresh highs on the dollar versus the yen going back to march. back it march. sue, back to you. >> boy, glad you're in a good mood. who knows what would happen if you weren't. >>> ceo jamie dimon speaking out on cnbc. >>> coinstar soaring. red box taking on netflix in video...
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Dec 31, 2012
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dollar versus the euro, euro is at 1.3193. dollar/yen is at 86.12 and gold prices have been a little higher this morning on, as well. you can see they're up by $5.70. $1,661 an ounce. joe. >> thank you. lawmakers are continuing fiscal cliff discussions this morning. let's get to john harwood with an update. i have now am viewing the ball falling tonight. if there is not a deal -- and i don't know, you're going to tell us what the chances are, but that gives a whole new meaning as that's coming down. we hit the cliff when that -- >> that would be the bottom of the cliff. >> this is the first time ever when it's more than just ushering in a new year, but it would usher in serious fiscal head winds. >> it would, but there's still a chance this is going to work. >> have you talked to anyone this morning? >> i did. i got a message this morning on my blackberry about ten minutes ago from our senate republican source who said talks with biden were good last night. they went late. that is a promising sign that there is still a chance.
dollar versus the euro, euro is at 1.3193. dollar/yen is at 86.12 and gold prices have been a little higher this morning on, as well. you can see they're up by $5.70. $1,661 an ounce. joe. >> thank you. lawmakers are continuing fiscal cliff discussions this morning. let's get to john harwood with an update. i have now am viewing the ball falling tonight. if there is not a deal -- and i don't know, you're going to tell us what the chances are, but that gives a whole new meaning as that's...
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Dec 13, 2012
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that's one of the reasons i like being along the dollar here, versus the euro. >> all right. willie, good to talk to you. we'll have you back soon. >> thank you pl. >>> today's move may be nothing compared to what our next guest is predicting for next year. city fx technicals head tom fitz joins us with his 2013 outlook. >> thanks for having me. >> you are making one heck after prediction. dow falling 20% in 2013. what's going to cause that? >> we're still very much on the bias. the picture we are seeing today is very similar to what we saw in the mid/late 70s. with the housing market, economy. the president is tracking that very closely. if you go back to the period, you will see after the fall of 1973, 1974, subsequent recovery of the dow got back to 70% of its highs before we fell again. this time, a move to within 3.5% of the 2007 highs would have taken us to 13,700. the highs so far being 17,661. we replicated that very closely. the oil price may be the catalyst to give a second effect which may send the stock market down. after that tone in the 70s, the next move down i
that's one of the reasons i like being along the dollar here, versus the euro. >> all right. willie, good to talk to you. we'll have you back soon. >> thank you pl. >>> today's move may be nothing compared to what our next guest is predicting for next year. city fx technicals head tom fitz joins us with his 2013 outlook. >> thanks for having me. >> you are making one heck after prediction. dow falling 20% in 2013. what's going to cause that? >> we're still...
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Dec 17, 2012
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one other point, if you look at the bank stocks, the way they act here, if you look in europe, the euro stocks bank index is really flat here. for the last couple of months here and to me, you know, the u.s. banking index needs to see the confirmation of europe for this thing to go -- >> but look at what will happen if spain activates the omt. any bank that owns all those sovereign debt are going to fly in europe. that's what people are anticipating. you will get that buy-in. >> we saw the banks fly today. bank america, closing at a 52-week high. bertha's got the latest on that. bertha? >> yeah, it's had a really strong day, b of a, extending those gains right now to an 18-month high. it closed at the highs of the day there at $11 a share. whitney says despite the monster run in financials and b of a up, the big banks are better capitalized and poised to be able to deploy earnings more freely. the feds march c-car will serve as what she calls the near term catalyst. the fed should allow b of a more room to use its capital and she thinks the board could quadruple the dividend. she also h
one other point, if you look at the bank stocks, the way they act here, if you look in europe, the euro stocks bank index is really flat here. for the last couple of months here and to me, you know, the u.s. banking index needs to see the confirmation of europe for this thing to go -- >> but look at what will happen if spain activates the omt. any bank that owns all those sovereign debt are going to fly in europe. that's what people are anticipating. you will get that buy-in. >> we...
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Dec 19, 2012
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will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to do all the things they need to do to make their currency work. by the way, alexander hamilton taught us all you need to do to make single currency work a couple years ago. >> here's a point of view from the upcoming issue of the new york magazine. this is adam davidson saying god save the british economy. as long as it continues -- >> i wonder where this will go? >> as long as as it continues, it offers crucial lesson for the united states. so far austerity has not significantly improved economic health. the plan to shrink the size of government did not generate a sudden surge o
will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to...
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Dec 27, 2012
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greenback nearing an eight-month low against the euro and approaching fiscal cliff. slight uptick in home prices here in the u.s. also giving a boost to crude in wednesday's trade. of course now investors will be looking ahead to tomorrow's weekly inventory report. drawdowns of crude as well as -- supplies are expected and we are expecting an uptick in gasoline inventories. forecasts for last week. >> price of natural gas at the same time, we talked so much about this explosion, ability to get natural gas. how is that playing out? >> it is, you know, again, weather related. couple of things there. colder weather gives a lift to natural gas in that case. at the same time, supplies expanding and they are counter-bailing force was natural gas at this point. >> mary thompson, thanks so much. >>> few days ago cnbc host piers morgan appeared on "the kudlow report" to defend his strong and often nasty attacks on american gun laws. and that is sparking a backlash. a petition to have piers morgan deported is spreading like wildfire. it has enough signatures now because it is
greenback nearing an eight-month low against the euro and approaching fiscal cliff. slight uptick in home prices here in the u.s. also giving a boost to crude in wednesday's trade. of course now investors will be looking ahead to tomorrow's weekly inventory report. drawdowns of crude as well as -- supplies are expected and we are expecting an uptick in gasoline inventories. forecasts for last week. >> price of natural gas at the same time, we talked so much about this explosion, ability...
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Dec 3, 2012
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winner of the day in terms of watching technicals is the euro currency. it's had a great two-day run. when you open it up to a chart going back to the 23rd of october you can see we haven't been above 1.30% since then. this will unleash a lot of both short covering and option related buying. look for a little tail wind, so say traders. tyler, back to you. >>> to the housing economy now. construction spending rising by the most in five months, up 1.4% in october. as it stands, home building is expected to add to economic growth this year for the first time since 2005. we also have new dethat on the state of foreclosure in america. diana olick has it all for us from washington. >> tyler, numbers are coming down. in this case that's a good thing. 58,000 completed foreclosures in october according to core logic, down 25% from september which did see a big upward revision but still we're down 17% from a year ago. although we're still running at three times the historical norms. got to keep it real, people. anyway, california, florida, michigan, georgia and tex
winner of the day in terms of watching technicals is the euro currency. it's had a great two-day run. when you open it up to a chart going back to the 23rd of october you can see we haven't been above 1.30% since then. this will unleash a lot of both short covering and option related buying. look for a little tail wind, so say traders. tyler, back to you. >>> to the housing economy now. construction spending rising by the most in five months, up 1.4% in october. as it stands, home...
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Dec 22, 2012
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as an external funding source that mean as what is taught there isn't necessarily quite in line with euro own values so what we're seeing not necessarily an erosion of faith but they're finding new ways of fellow fellowship together and more reasons to bring people to the table. >> i think that's the key insight here. we're seeing two things happen diminishment of mainstream relidge. fastest group is nones, n-o-n-e-s and praise. this has to do with a mistrusted institution, mixing and blending of people. people can speak across boundaries where they never could. people can enter other people's faith systems, borrow other's resources and taste their food not only their physical food but soul food so to speak, so what you have a is test. >> it's been a stressful holiday for a lot of people. what do you tell people in a sentence or two, how do you find peace this holiday season? >> i tell you one thing. if i could do something for newtown, this is what i would do. i would find money and fly in parents from columbine. they should be talking to parents from newtown. more dramatically for me, i
as an external funding source that mean as what is taught there isn't necessarily quite in line with euro own values so what we're seeing not necessarily an erosion of faith but they're finding new ways of fellow fellowship together and more reasons to bring people to the table. >> i think that's the key insight here. we're seeing two things happen diminishment of mainstream relidge. fastest group is nones, n-o-n-e-s and praise. this has to do with a mistrusted institution, mixing and...
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Dec 10, 2012
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have you heard of the euro bor? it's the euro interlibor rate. and the euro may accuse banks of setting the euribor, as well. by submitting incorrect data and collaborating with each other were widespread. probably not a surprise if you knew it was happening with the libor. this will bring the tally even higher in terms of the expected fallout for any litigation that could follow on this. also, the united states and britain teaming up on a global strategy to handle too big to fail banks. today, u.s. regulators are outlining a deal on both sides of the atlantic to take losses and ensure efficient capital exists in the bank's headquarters to protect taxpayers. the bank of england and fdic are suggesting the plan would reduce financial stability. >> too big to fail. >> i have to admit, i'm a little bit concerned because he was supposed to be back today. >> he was. >> in a foreign country. and i don't know this for sure, but have you ever seen midnight express? >> i have. >> you have seen that movie? i don't know. he's on a bus. he's got stuff taped
have you heard of the euro bor? it's the euro interlibor rate. and the euro may accuse banks of setting the euribor, as well. by submitting incorrect data and collaborating with each other were widespread. probably not a surprise if you knew it was happening with the libor. this will bring the tally even higher in terms of the expected fallout for any litigation that could follow on this. also, the united states and britain teaming up on a global strategy to handle too big to fail banks. today,...
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Dec 4, 2012
12/12
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. >> we do have that euro that's been hanging in. some people think it's because of the euro. other people feel that everything goes down in a fiscal cliff situation. i mean, commodities are saying we're going to go over the cliff. that's what i think. >> it's interesting. there are these recent reports tallying how many american eagle gold coins americans are buying. is that the ultimate safe haven trade. if americans are buying gold coins in record numbers, the strongest sales since 1998, and it's not just seasonality here. it's interesting. >> i own some. i own silver. >> silver and gold. >> you can buy silver and gold. you can actually -- there's a big markup in coins. the government doesn't help. you can own pieces of silver and pieces of gold. >> do you have some on you right now? >> no, i don't. i have it buried in the backyard. i have it in a vault. never bury your gold in the backyard. >> i'll remember that. thank you for that advice. >> first we have to get backyard. >> el paso electric company celebrating tenth anniversary. yit celebrating its 100th anniversary. wan
. >> we do have that euro that's been hanging in. some people think it's because of the euro. other people feel that everything goes down in a fiscal cliff situation. i mean, commodities are saying we're going to go over the cliff. that's what i think. >> it's interesting. there are these recent reports tallying how many american eagle gold coins americans are buying. is that the ultimate safe haven trade. if americans are buying gold coins in record numbers, the strongest sales...
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Dec 21, 2012
12/12
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euro, a little bit of mean re version on these trends. confidence has had weird positive movement of late. we'll see if it's negatively impacted. and of course, the end of the supply, probably changes the dynamics a little bit on the treasury post, the supply that we just auctioned in twos, fives and sevens. >> thank you, rick santelli. speaker john boehner will give a briefing. and we'll be speaking to a conservative lawmaker who has been outspoken against the gop leadership. find out whether he's willing to make concessions. fers >>> i'm sharon epperson at the nymex. oil prices down almost $2 here for the wti contract. brent crude prices below $109 a barrel. after plan b went bust, and the oil rally fizzled, we did see wti oil prices top $90 a barrel at the close yesterday. that was the first time that happened in two months' time. now there's a great deal of concern about energy demand. we're also looking at the reaction in the gold market where we're seeing a little bit of a short covering bounce here in the gold market. but that may
euro, a little bit of mean re version on these trends. confidence has had weird positive movement of late. we'll see if it's negatively impacted. and of course, the end of the supply, probably changes the dynamics a little bit on the treasury post, the supply that we just auctioned in twos, fives and sevens. >> thank you, rick santelli. speaker john boehner will give a briefing. and we'll be speaking to a conservative lawmaker who has been outspoken against the gop leadership. find out...
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Dec 5, 2012
12/12
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the dollar and euro have been reactive for four years now. to almost the same stimulus, the same motivation for the traders. and that's whether people need safe haven, whether they need to move to treasuries and other things. and it's the same issue here. when things look bad in the summer. when spanish rates are up about 7.6%, then everyone is fleeing to the dollar. you get a lot of long dollar positions in the currency markets. and all that happens is when that subsides, then those positions are unwound. you're not really looking at a new trend here. you're not seeing something that has changed traders' minds about whether the dollar is getting better, whether the u.s. economy's getting better. it's just a reaction back and forth. and that's why when you look at it and say, well, okay, we're here, but why are we here? that's the only reason. a lot of it is internal positioning in the market. after all, traders have to make money, traders need to trade. they need to have a logic behind what they're doing. and the most effective positioning h
the dollar and euro have been reactive for four years now. to almost the same stimulus, the same motivation for the traders. and that's whether people need safe haven, whether they need to move to treasuries and other things. and it's the same issue here. when things look bad in the summer. when spanish rates are up about 7.6%, then everyone is fleeing to the dollar. you get a lot of long dollar positions in the currency markets. and all that happens is when that subsides, then those positions...
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Dec 28, 2012
12/12
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why is the euro at a buck-32? ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a chge card accot with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that'shy you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious entity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days ler. with lifelock, as soon as our network spots a threat to your identity, you'll get a proactive risk alert, protecting
why is the euro at a buck-32? ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a chge card accot with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that'shy you need lifelock to relentlessly protect what matters...
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if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced they are cutting 11,000 positions? they are repositioning the company? nicole, the question is what's with the stock? nicole: the stock is moving significantly, up about 4% on a day where banking index higher. citigroup announcing 11,000 job cuts, 4% of the workforce. the savings will be roughly 1.1 billion dollars. they will be taking some pretax charges to the fourth quarter earnings of a billion. but this is basically reducing excess. and we should note this is the first move by the new ceo, michael corbatt. everybody had been waiting tt see when he would reduce excess and do exactly that. you see the stock up 4 1/4%. stua
if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced they are cutting 11,000...